Discussion
What do the NASSCOM statistics about Indian IT exports indicate?
Answer: A
The key's answer is drop in demand for IT services by Europe and the US.
The passage says NASSCOM forecasts that the growth rate of India's exports of IT and other business services to the US and Europe 'will drop to at most 7% in the current fiscal year, down from 16% last year and 29% in 2007-08'. The statistics therefore show slowing demand from those two markets during the recession.
To be exact, the figures are a falling growth rate and not an absolute fall, so the option is the closest reading and not a precise one. The other options claim things the passage never says: that Indian firms overcharge, that India has lost out to other emerging IT hubs, or that the sector must be restructured.
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